IS the trend your friend?

An investment week guide: venture capital trusts

Helped by generous tax reliefs and investor disenchantment with other parts of the market, venture c...

Helped by generous tax reliefs and investor disenchantment with other parts of the market, venture capital trusts (VCTs) are shaping up to be the big investment marketing theme of 2004/05. Existing players are coming back to raise new funds and there are also new entrants, among them names better known in the unit trust market such as Framlington. But what is the underlying outlook for the sector, without the boost of big tax breaks? Does the vehicle offer investors access to one of the most dynamic parts of the UK equity market or are they going to find themselves stuck in small, illiquid ...